During the Asian market hours, the GER 40 Index was observed to be trading beneath the 18,600 mark.
A cautious tone is anticipated for the opening of European markets on Wednesday, with investors weighing the implications of recent remarks by Federal Reserve officials.
Market sentiment later in the day is expected to be shaped by the release of Eurozone flash inflation and unemployment figures.
The previous trading session saw European equities ending in the red, influenced by less-than-expected outcomes in eurozone manufacturing outputs, German inflation rates, and U.K. property price figures.
As trading picked up following a holiday break, the pan-European STOXX 600 experienced a decline of 0.8 percent. In parallel, the German DAX dropped by 1.1 percent, France’s CAC 40 decreased by 0.9 percent, and the U.K.’s FTSE 100 lowered by 0.2 percent.
Technical analysis
Time Frame: 1 hour
GER40 Support & Resistance Table – 03/04/2024
| Support & Resistance | Level | Explanation |
| Resistance 2 | 18639.7 | Daily R2 |
| Resistance 1 | 18591.0 | Daily R1 |
| Support 1 | 18461.0 | Daily S1 |
| Support 2 | 18412.3 | Daily S2 |
GER40 Indicator Table – 03/04/2024
| Indicator | Signal |
| SMA 20 | Sell |
| SMA 50 | Buy |
| SMA 100 | Buy |
| MACD( 12;26;9) | Buy |
| RSI (14) | Sell |
| Stochastic ( 9;6;3) | Sell |
GER40 Indicator / Period Table – 03/04/2024
| Indicator / Period | Day – Sell | Week – Buy | Month – Buy |
| MACD( 12;26;9) | Buy | Buy | Buy |
| RSI (14) | Sell | Buy | Buy |
| SMA 20 | Sell | Buy | Buy |
GER40 03/04/2024 – Reference Price : 18517.0
| SELL | Simple Moving AverageBuy (2)Sell (1)Technical Indicators – OscillatorsBuy (1)Sell (2) |